MANY BILLIONS IN LOSSES BY COMPANIES DUE TO OBAMACARE-UPDATE

March 28, 2010

MANY BILLIONS IN LOSSES BEING TAKEN BY COMPANIES DUE TO
OBAMACARE

Obama and Congress Attack Victims After Destroying Them!

The Wall St. Journal reports "Three companies that were among vocal
opponents of the legislation have warned they would see an
immediate impact on their earnings as a result of the loss of
deductions on tax-free subsidies they receive for providing retiree
prescription-drug benefits.

On Thursday, Deere & Co. said it would take a $150 million
one-time charge in the current quarter related to the loss of
deductions. Earlier in the week, Caterpillar Inc. reported a $100
million charge and AK Steel recorded a $31 million charge." But the
White House is threatening them not to tell anybody they are losing
so much money due to the Obama polices. For more go to

Boeing will take $150M charge due to health reform
List of 10 other companies taking major losses

Boeing Inc. said Wednesday that it will take a $150 million
charge against net earnings in the first quarter this year to
reflect a change in the tax treatment of federal subsidies provided
to employers that offer prescription drug coverage to
Medicare-eligible retirees that is at least equal to Medicare Part
D. .......

......Four companies "AT&T, Verizon, Caterpillar and Deere"
already have been invited to testify next month at a hearing by the
House Energy and Commerce Committee on the subject. ....

Public Advocate Commentary

Compare to a previous reported of losses just 30 days ago
(January 26), and the President and Congress did not issue any
condemnations.

It seems Congress and President Obama don't care about billions
lost "quarterly" its just when the President and Congress are
destroying companies by the billions on a daily basis
that they object to disclosures that clearly credit them for the
disasters.